The African Diamond Council (ADC) has announced its decision to integrate Authentia.io, a blockchain-based traceability platform, into the global diamond trading framework. This initiative aims to improve transparency and accountability in an industry that is often scrutinized for ethical and operational challenges. The announcement, distributed via Diamond World, underscores ADC’s commitment to promoting responsible practices in diamond mining and trading.
A tailored solution for the African diamond sector
Authentia.io, a platform developed over three and a half years, is specifically tailored to African nations engaged in diamond mining. The solution uses blockchain technology to combine certificates of origin with a secure tracking system. This dual functionality allows diamond-producing countries to prove the origin of their gemstones with unprecedented accuracy and reliability. By embedding key details of each diamond’s journey into an immutable ledger, the platform ensures a transparent and auditable record, strengthening trust across the entire supply chain.
The ADC’s decision to introduce this technology reflects a broader modernization push in the diamond sector. In the past, the industry has been criticized for issues related to conflict diamonds and opaque trading practices. Authentia.io addresses these concerns by providing a digital framework that supports ethical sourcing and distribution while ensuring compliance with international standards.
Promoting collaboration between stakeholders
The ADC’s goal is to engage influential stakeholders in these transformation efforts. It has called upon units like the Kimberley…
